CNBC's Jim Cramer discussed the Tuttle Capital Short Innovation ETF and how it capitalizes on Wall Street's dislike of growth stocks.
Cramer said in his view, investors should continue to build a core portfolio that consists of profitable, high-quality companies that sell tangible goods and services to customers. It's an investment mantra he's been touting since late last year while stressing the need to avoid money-losing companies.
Investors who want to further position their portfolios to benefit from the downturn in growth stocks could turn to the SARK ETF, Cramer acknowledged. "You can buy some SARK and hedge your position. If you're worried this correction will continue, then stay the course in the stocks that are holding up and then use this thing to bet against the growth stocks that are in the center of the blast radius," Cramer said.
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